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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

Contracts 104
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Is It Time for Your Nonprofit or School to Make a CRM Change?

Blackbaud

Do you need to invest in your people as well as in software for a new tool to be successful? Save budget talks for the evaluation phase. Consider your budget, research specific software providers , and decide if changing tools is the right decision for your organization. Read contracts carefully to avoid surprises.

CRM 105
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3 Signs Your Organization Needs a Nonprofit Accounting System

Blackbaud

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. Is your accounting software not working for your organization? And this data rolls up into your organizational budget to give you a holistic view of your finances. Think Bigger!

Finance 105
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How to create your new nonprofit’s first budget

Get Fully Funded

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Without a budget, you can find yourself in deep water, fast, with more money going out than coming in.

Budget 98
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Where Does Grant Funding Come From?

GrantNews

Notable Corporate Grant Examples Open Source Projects : Grants to software developers and companies for open-source projects and applications. Government grants come from tax revenues and budget allocations. Corporate grants are part of a companys philanthropic and community engagement efforts.

Funding 87
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5 Ways Fund Accounting Simplifies Financial Reporting for Community Health Centers

Blackbaud

Fund accounting software with sub-fund capabilities makes it easy to manage multiple budget scenarios, understand encumbrances, and automate your internal controls for the highest level of accuracy and transparency. With fund accounting software, you get an extra level of control over grant expense tracking and reporting.

Funding 104
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Pros and Cons of Cloud Software for Nonprofits

Tech Soup

Nonprofits are mission-focused, usually run on a tight budget, and therefore sometimes hesitant about purchasing expensive software. Given recent technological advances, however, software advances may no longer be out of reach for nonprofits. Will it enable growth and productivity, or will it be a thorn in your side?